International Trade in Russia

International Trade in Russia

Russia was hit hard by the international financial crisis and in 2009 reached a record recession since the fall of the Soviet block (-7.9%). The recovery in 2010 was strong (4% growth according to estimates), driven by fuel exports and domestic demand stimulated by the increase in... Read more

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Market Analyses About Russia (610)

Import and Export Services in Russia (1,527)

  • MediatorRus IMA

    MediatorRus IMA

    Market Entry, Russia

    Would you like to develop your business on the Russian market but do not know how to start? Contact us, it will be the first step to your...
  • KazTrans Limited Partnership

    KazTrans Limited Partnership

    Freight Forwarder, Russia

                                         ...

Business Tips About Russia (81)

Agents and Distributors in Russia (96)

  • Global International Co., Ltd

    Global International Co., Ltd

    Export Management, Russia

    We sell mineral water, wood pellets, pine timber.
  • Intersolution, Ltd.

    Customs Brokerage, Russia

    Intersolution Ltd. (Saint-Petersburg, Russia) provides business support, outsourcing and consulting services in the field of foreign...

Overview About International Trade in Russia

Main Industry Sectors

Russia has a wealth of natural resources. It is the leading producer of natural gas and the second producer of oil in the world, as well as being one of the main producers and exporters of diamonds, nickel and platinum.
Despite its surface area, Russia has a relatively small amount of land suitable for agriculture because of unfavorable climatic conditions. The country nevertheless owns 10% of the global agricultural lands. The northern regions of the country concentrate mainly on livestock and the southern regions as well as western Siberia produce cereals.
Industry represents more than a third of Russia's GDP and employs up to 30% of the population. The country inherited most of the Soviet Union's industrial bases. The most well developed sectors are chemicals, metallurgy, mechanical construction and defense sectors.
The service sector employs more than 60% of the population and generates slightly under 60% of the GDP. After the 1998 financial crises, the banking sector has not yet undergone a complete restructuring. Given the size of the country, the transport, communications and also trade sectors are particularly significant.

 

Economic Overview

Russia was hi...

News Related to International Trade in Russia

  • Ukraine minister urges EU to send 'clear message' to Russia - Nov 20, 2014

    The EU must speak with one voice to Russia over Ukraine and be ready to send a "clear message" it will impose more sanctions if necessary, Ukrainian Foreign Minister Pavlo Klimkin told AFP in an interview on Monday.

    Source: EU Business - Eastern & Central Europe

  • Serbia PM Defends Economic Ties to Russia - Nov 20, 2014

    Prime Minister Vucic said that while Serbia's political focus remains on EU integration, economic interests necessitate continued close ties to Russia.

    Source: BALKAN INSIGHT

  • Russia against Trans-Caspian pipeline - Nov 20, 2014

    "Azerbaijani and Turkmen friends understand our argument."

    Source: NEWS AZERBAIJAN